News
Tesla sponsors sustainability project for church in Oakland
Tesla sponsored a sustainability project for the Allen Temple Baptist Church in Oakland, California. The project required over 1,650 in person-hours to be completed. Additionally, the preparation, installation, and solar panels were valued at $720,000. The church noted that Tesla’s investment would yield more than $285,000 in electricity saving over the next ten years. This was Tesla’s first partnership in the nation to provide a church with solar panels.
“Tesla installed a new roof for our Family Life Center Gymnasium wing, solar panels, and power wall! It is our prayer that this large-scale project will encourage other churches to install clean and sustainable energy on their campus and continue the battle for environmental justice.”
“Our deepest thanks to Rob McCafferty, Zach Hill and the Tesla team, Congresswoman Barbara Lee and Assemblymember Mia Bonta for providing gracious proclamations, and especially to our Trustees Ministry, Buildings & Grounds Committee, and Trustee Leonard Medley, who shepherded the project,” Allen Temple said on its Facebook page.
On January 15, Allen Temple held a dedication and ribbon-cutting ceremony for a new energy storage project at its Family Life Center in Oakland, California. The project, in partnership with Tesla, was completed on December 21, 2022.
The church said in a press release that Tesla’s sponsorship of the sustainability project would help it serve the community. These savings will enable it to direct more of its resources to community support and outreach. During power outages within its community, the Family Live Center will be continuously operational as a space for residents to receive services and support.
Reverand. Dr. Jacqueline A. Thompson, who serves as Senior Pastor, spoke of the lack of equitable access to clean air, water, healthy food options, and clean energy for the Flatland communities in East Oakland.
“At the heart of the issue is access. Equitable access to clean air, clean water, healthy food options, and clean energy. But there is a growing movement in California and nationwide to provide this access in overlooked and underserved communities. Dr. Ambrose Carroll and Green The Church have stood at the intersection of the Black Church and this movement creating critical connections that promote sustainability,” she said.
“Tesla’s willingness to commit their time, talent, resources, and technology to projects in the community reflects the power and potential of business and faith-based partnerships. When equity and justice for all is the goal, we all win. I am thankful for the leadership and support of our Trustee Ministry in making this vision a reality. May this be the first of many.” she added.
Reverand Dr. Ambrose Carroll, the Founder and CEO of Green The Church thanked Tesla for its involvement in the community.
“We are thankful to see our friends at Tesla involved in work that empowers the community. Through this partnership with Allen Temple, Tesla has shown its desire to ensure that in the Bay Area, when it comes to clean tech, they want all boats to rise as the clean energy sector thrives. This project brings Allen Temple one step closer to being a ‘Resilience Hub’ for its community.”
“When the neighborhood loses power due to fires, rain, storms, floods, or earthquakes, this faith community can be ready to provide food, shelter, and health aid, all of which are standards for resilience. Gentrification and marginalization have drastically affected Deep East Oakland for a long time. The black community owns many faith buildings, some of which are storefronts and others great Cathedrals, and all these buildings across the country need retrofitting. Many, like Allen Temple, can and will become Resilience Hubs!”
Tesla’s Senior Global Director of Public Policy, Rohan Patel, said that he was proud of the Tesla partnership with Allen Temple and thanked Green The Church for helping it to make it happen.
Proud of this @tesla partnership with @allentemplebc in Oakland. Thanks @greenthechurch for helping to make it happen https://t.co/Ir4a79DxiZ
— Rohan Patel (@rohanspatel) January 21, 2023
You can view the photos from the ribbon-cutting ceremony in the gallery below.
[rl_gallery id=”229394″]
Disclosure: Johnna is a $TSLA shareholder and believes in Tesla’s mission.
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Elon Musk
The Boring Company’s newest tunnel vehicle runs on Tesla parts and no one is driving it
The Boring Company’s new tunnel vehicle runs on Tesla Model 3 batteries and drive units.
The Boring Company just introduced a new piece of hardware, and it runs on parts pulled straight from a Tesla showroom. Liner Truck 3, unveiled in a post from the tunneling company’s official X account, is an all electric vehicle built around Tesla Model 3 battery packs and drive units, purpose built to move concrete tunnel segments to the boring machine face without a single person underground.
Introducing Liner Truck 3 — our latest fully electric tunnel vehicle.
– Tesla Model 3 battery and drive units
– Transports 22,000+ lb of concrete segments to the boring machine
– 28 miles of range
– 12 mph max operating speed
– Remotely piloted from Global OCC in Texas, with… pic.twitter.com/XB7FgSXnpy— The Boring Company (@boringcompany) August 7, 2026
The job itself is unglamorous but critical. Each precast segment run weighs more than 22,000 pounds, roughly the load of a full cement mixer, and Liner Truck 3 hauls that weight repeatedly between the surface staging area and wherever the Prufrock machine happens to be cutting.
The Boring Company said Liner Truck 3 is piloted remotely out of its Global Operations Control Center in Texas, extending the Zero-People-In-Tunnel approach the company has spent years building toward. An earlier version of a ZPIT liner truck was already tested at the company’s Bastrop, Texas research tunnels, and a factory tour released last month showed an employee flying a fully loaded liner truck with a PlayStation controller. Liner Truck 3 looks like the production version of that same idea, cleaned up and pushed into daily use.
The timing lines up with a company digging in more places than it ever has before. The Boring Company now has multiple Prufrock machines active or arriving in Nashville, where Music City Loop construction has been accelerating since February, and its Vegas Loop network keeps adding tunnel mileage on a near monthly basis. Every one of those projects depends on getting concrete segments to the cutting face fast enough to keep the boring machine from idling, which is exactly the bottleneck Liner Truck 3 is designed to remove.
It also reinforces something Tesla owners have watched happen gradually across Musk’s companies: passenger car hardware finding a second life in heavy equipment. Model 3 drive units already move people through the Vegas Loop, and now the same components are hauling concrete underground in Nashville and wherever The Boring Company digs next. Whether that kind of component reuse extends further into TBC’s equipment lineup, or into other Musk owned industrial hardware, is the next thing worth watching.
Elon Musk
Elon Musk and SpaceX shrugs off the trading day Wall Street feared most
SpaceX stock did the opposite of what most of Wall Street expected this week, when the day designed to be its most dangerous turned into a rally, and the rally kept going.
Thursday marked the first major lockup expiration since SpaceX’s June IPO, making roughly 911.5 million insider held shares eligible to trade for the first time, more than doubling the company’s public float. Analysts and short sellers had spent weeks bracing for a flood of selling, especially after the stock fell 13 percent following its first earnings report as a public company on Tuesday. Instead, shares rose 6.1 percent Thursday to close at $114.92, and by Friday they were trading near $129, up more than another 12 percent on the day.
SpaceX shorts get warned by Musk ally, echoing Tesla’s early struggles
The setup made the outcome notable. Short interest had climbed to roughly 34 percent of the float heading into earnings, among the highest of any large cap stock, with about 95 percent of available shares to borrow already on loan. CEO Elon Musk warned short sellers twice in the weeks before the lockup, writing on X that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” then following up on the morning of earnings with “I try to warn them, but they just double down.”
When the newly unlocked shares hit the market and the selloff never showed up, some of that short position appears to have started unwinding. TipRanks reported that options activity shifted toward bullish strategies like put selling and risk reversals following the rally, with roughly $600 million in options premium trading Thursday alone. Retail buyers also stepped in during the earnings dip, according to Vanda Research.
The fundamentals behind the stock have not changed much in a week. SpaceX’s revenue nearly doubled year over year to $7.8 billion, with Starlink subscribers doubling to 12 million and the company’s AI segment growing 247 percent. What spooked investors on Tuesday was the spending side. Capital expenditures jumped to more than $18 billion for the quarter, up from $2.8 billion a year earlier, with AI investment alone rising from $749 million to $15.8 billion. Wall Street remains split on whether that spending is building infrastructure SpaceX needs or outrunning what the business can currently support, a debate Teslarati has tracked since shares first came under pressure.
None of that resolves the bigger question hanging over the stock. Thursday’s release was only the first of nine staggered lockup tranches, with roughly $800 billion worth of additional shares scheduled to become eligible through October, and Musk’s own stake stays locked until next June. If this week is any indication, the market is treating that supply as something it can absorb rather than something to fear, at least for now.
News
The Boring Company’s newest Vegas Station has a permit quietly waiting behind it
Sahara Las Vegas opened a new Vegas Loop station, joining an exclusive two resort transit club.
Sahara Las Vegas opened a new Vegas Loop station Thursday, giving The Boring Company’s underground transit system its northernmost stop yet on the Strip. The station sits at Sahara’s Paradise Road entrance, on the southeast corner of Las Vegas Boulevard and Sahara Avenue, and connects riders to the Las Vegas Convention Center, other Strip resorts on the network and, eventually, Harry Reid International Airport.
The addition makes Sahara the second resort, after Fontainebleau opened its own station in January, to get a stop built at street level rather than tucked into the property itself. Sahara now joins Westgate as the only two Strip resorts offering both a Vegas Loop station and a stop on the Las Vegas Monorail, giving guests two separate ways to get around without leaving the property.
The Boring Company just doubled its tunneling power in Nashville
The bigger news buried in Thursday’s announcement is what comes next. Boring Company has already secured its first permit to tunnel north of Sahara Avenue, extending the network beyond where it currently ends, even though permits to push the Loop toward downtown Las Vegas still haven’t been granted. Crews are also working on a two mile dual tunnel line running from Westgate to a planned station at 4744 Paradise Road, just north of Tropicana Avenue, that Las Vegas Convention and Visitors Authority CEO Steve Hill has said the company hopes to open in time for November’s Las Vegas Grand Prix.
Ridership has grown alongside the buildout. The Loop moved roughly 82,000 passengers during CONEXPO in early March, a total the company highlighted on its own X account at the time, and the system has now carried more than 4 million passengers through 11 open stations since it began running in 2021. The airport connector tunnels, meant to give the Loop a direct link to Harry Reid, have slipped past their original first quarter target and remain under construction, with Boring Company director Mike Baier saying that a full opening is still a few months out.
For Sahara, the calculation is straightforward. Convention traffic drives a large share of Loop ridership, and a station at the property’s front door gives conventiongoers one more reason to book rooms on the Strip’s north end instead of closer to the convention center itself.
